Hammering down at $2.035 million, this 1948 Tucker was one of the top 20 sellers at the Gooding & Company Pebble Beach auction. Read this and all the latest auto industry news in the Executive Briefing. -Gooding & Company photo
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+ Oscar-winning actor Matthew McConaughey will become the new spokesman for the Lincoln Motor Co. in a series of digital and television ads. More at The Detroit News.
+ Chrysler will revamp its fullsize Ram pickup line for spring 2017, but unlike Ford and General Motors, plans to stick with all-steel construction through 2020. More at Reuters.
+ The Chinese government has imposed $202 million in fines on 12 Japanese auto parts suppliers charged with price fixing. More at Automotive Business Review.
+ Formula One czar Bernie Ecclestone says his control of the sport was unchanged by the $100 million settlement of his Munich bribery case. More at Yahoo! Sport UK.
+ Ford intends to introduce a new entry-level hybrid car line for the 2019 model year to compete head-to-head with the Toyota Prius. More at Motor Trend.
+ Belt and pulley maker Dayco Products LLC of Troy, Michigan has named John Bohenick as its new CEO effective September 2. More at Crain’s Detroit Business.
+ The Gooding & Company Pebble Beach 2014 auction generated $106 million in total sales with a sell-through rate of 88 percent. More at Sports Car Digest.
+ Toyota Research and Development chief David Wilson says more horsepower is on the way to aid the automaker’s struggling NASCAR Sprint Cup effort. More at Fox Sports.
For the previous Executive Briefing from August 18, click here.